The long, bloody lineage of private equity’s looting

mostlysignssomeportents:

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Tomorrow (June 3) at 1:30PM, I’m in Edinburgh for the Cymera Festival on a panel with Nina Allen and Ian McDonald.

Monday (June 5) at 7:15PM, I’m in London at the British Library with my novel Red Team Blues, hosted by Baroness Martha Lane Fox.

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Fans of the Sopranos will remember the “bust out” as a mob tactic in which a business is taken over, loaded up with debt, and driven into the ground, wrecking the lives of the business’s workers, customers and suppliers. When the mafia does this, we call it a bust out; when Wall Street does it, we call it “private equity.”

It used to be that we rarely heard about private equity, but then, as national chains and iconic companies started to vanish, this mysterious financial arrangement popped up with increasing frequency. When a finance bro’s presentation on why Olive Garden needed to be re-orged when viral, there was a lot off snickering about the decline of a tacky business whose value prop was unlimited carbs. But the bro was working for Starboard Value, a hedge fund that specialized in buhying out and killing off companies, pocketing billions while destroying profitable businesses.

https://www.salon.com/2014/09/17/the_real_olive_garden_scandal_why_greedy_hedge_funders_suddenly_care_so_much_about_breadsticks/

Keep reading

Human beings getting the dirty end of the breadstick.

Again.

Canada’s Minstrel

My first musical love was folk music, and nobody told its stories better than our own Gordon Lightfoot.

Cover Art: The album was originally titled Sit Down Young Stranger, but when If You Could Read My Mind became a monster hit, they added the little pink sticker until the next pressing when they could rename the album.

As a young pup one of my first forays into the wider world was the bus trip…


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Canada’s Minstrel

My first musical love was folk music, and nobody told its stories better than our own Gordon Lightfoot.

Gordon Lightfoot's "Sit Down Young Stranger" album cover via Record Cellar https://recordcellar.ca/product/gordon-lightfoot-sit-down-young-stranger/
Cover Art: The album was originally titled Sit Down Young Stranger, but when If You Could Read My Mind became a monster hit, they added the little pink sticker until the next pressing when they could rename the album.

As a young pup one of my first forays into the wider world was the bus trip I took to Toronto to see my musical idol, Gordon Lightfoot, live in concert at Massey Hall. And it was fabulous. I’ll always remember Gord’s introduction of one of my favorite songs, “Second Cup of Coffee,” self deprecatingly pointing out his folly in pairing the lyrics of despair with such an upbeat tune. The audience laughed good naturedly, but it was clear we would continue to love the song anyway.

Whether they were songs were about love or heartbreak, ballads about building the railway or laying in wet grass watching a 707 fly home, or maybe a chance to hear Don Quixote rail against injustice at an unsympathetic ocean or agonize as the Yarmouth Castle dies beneath its waves, Lightfoot’s music doesn’t just tell us his stories, he pulls us into them.

It wasn’t only the lyrical words he wove together, it was the sometimes acoustically simple, others orchestrally complex but often breathtakingly beautiful music that swept his lyrics into our minds. And very often our hearts.

Take note of the fingerpicking as Gordon Lightfoot performs his timeless classic, “If You Could Read My Mind.”

Gordon Lightfoot became the soul of the Canadian folk era, but he didn’t just fade away when folk music was relegated to the back pages of the music world. Instead he spread his creativity and passion into whatever genre was appropriate to the work, continuing to craft meticulous lyrics and wrap them in unforgettable melodies.

In the end he forged a musical legacy that became an integral part of the shared culture underpinning the Canadian Identity.

Thank you for sharing your gifts with us, Gordon Lightfoot. Rest well, dear minstrel. You’ve earned it.

Remembering Gordon Lightfoot Collage [Text] Gordon Lightfoot November 17, 1938 - May 1, 2023 [Photo] Gordon Lightfoot at Interlochen [Pictured] Album Covers • Lightfoot! (1966) • Two Tones at the Village Corner (1962) • The Way I Feel (1967) • Did She Mention My Name? (1968) • Back Here on Earth (1968) • Sunday Concert (1969) • Sit Down Young Stranger (1970) • Summer Side of Life (1971) • Don Quixote (1972) • Old Dan's Records (1972) • Sundown (1974) • Cold On The Shoulder (1975) • Gord's Gold (compilation 1975) • Summertime Dream (1976) • Endless Wire (1978) • Dream Street Rose (1980) • Shadows (1982) • Salute (1983) • Solo (2020) • All Live (2012) • Harmony (2004) • A Painter Passing Through (1998) • East of Midnight 1986) • Waiting For You (1993)

Art Credits

Cover Art: Sit Down Young Stranger (1970) © Reprise Records

Released under a Creative Commons Attribution Share Alike 3.0 license (CC BY-SA), my Remembering Gordon Lightfoot Collage is incorporates:

Gordon Lightfoot at Interlochen
© by Arnielee – own work CC BY-SA
3.0 https://commons.wikimedia.org/w/index.php?curid=7589668

and Album covers (fair dealing)

Two Tones at the Village Corner © LMG Records

Lightfoot!, The Way I Feel, Did She Mention My Name? Back Here on Earth, Sunday Concert © United Artists Records

Sit Down Young Stranger, Summer Side of Life, Don Quixote, Old Dan’s Records, Sundown, Cold On The Shoulder, Gord’s Gold, Summertime Dream © Reprise Records

Endless Wire, Dream Street Rose, Shadows, Salute, East of Midnight, Waiting For You, A Painter Passing Through © (1998) Warner Bros. Records

Harmony © Linus Entertainment

All Live, Solo © Rhino Entertainment

 


Missing Lynda

My beautiful older sister will always be a part of me.

She was both the worst enemy and greatest friend of my childhood. She was cool, and sometimes my hero,

6 year old Lynda

Of course I wanted to be just like her. Other times I hid quietly in the attic so I wouldn’t feel her wrath of her fists. We had a see-saw relationship throughout our lives.

Lynda gave me a home when I needed one, and…


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Missing Lynda

My beautiful older sister will always be a part of me.

3 year old Lynda wears the paper party hat she made to celebrate my 1st birthday.

She was both the worst enemy and greatest friend of my childhood. She was cool, and sometimes my hero,

Black and white smiling Lynda with braided hair, age 6
6 year old Lynda

Of course I wanted to be just like her. Other times I hid quietly in the attic so I wouldn’t feel her wrath of her fists. We had a see-saw relationship throughout our lives.

Lynda gave me a home when I needed one, and helped me find my way to “launch” … then was angry with me when I went. As I was finding my own way I had to push her away when she tried to tell me how to live my life,

But later when we were both truly grown up we finally became the friends we might have always been, but for a better childhood.

Lynda had survived the worst childhood by far of any of the original seven because she couldn’t let what was broken alone. She stood up and fought for herself when no one else would. In the process, she taught me the cruelest lesson of my childhood: the only way to live through it was *not* to fight. Lynda was a fighter, and fighting a losing battle. So I learned to swallow my pride & pain & let it slide.

I will always treasure the relationship we had, good and bad, especially the good we had in later life when we finally became the friends we should always have been. By this time I knew I was a fighter too, but I could fight for anyone else, almost never for myself.

Mid twenties aged Lynda sits on her comfy chair with her favorite pet cat, Poukie installed in her lap
Lynda and Poukie (late 1970s)

When Lynda got sick, at least I knew she was a fighter. I couldn’t believe it when I realized she had chosen *not* to fight. Instead of following medical advice, she decided to put her faith in carrot juice and religion, tantamount to giving up, I was shocked beyond belief. I couldn’t believe it. Then was angry she was giving up, that she was leaving me. I tried so hard to convince Lynda — of all people — that she had to fight for herself. But all I got back was an infuriating Mona Lisa smile. She wouldn’t even fight with me,

It was too soon to lose her. I wasn’t ready. I was afraid to lose my wonderful infuriating big sister.

I am afraid Lynda was just tired. Tired of having to fight. Almost always by herself. For everything. Always.

I couldn’t really accept it the last time I saw her in the hospital, but at least I could let her know I loved her, and she could let me know she forgave me.

I wish so many things had been different. I couldn’t really accept it until after she was gone. I wish I had been different. And I wish I had been able to be a better sister to her. I wish I could have stood up for her when we were young, and most of all, I wish I had been able to get past my anger and fear to be there for her at the end.

I will always love her. And I miss her still.

Sisters in summer dresses posing on the front lawn.
Lynda and Laurel in their summer dresses.

rosiemayillustration: Hello art friends! It’s been 84 years…



rosiemayillustration:

Hello art friends! It’s been 84 years since I used Tumblr so I’m still trying to remember how to navigate everything but I hope to start posting here regularly! I’m a small artist from Wales currently setting up everything to start selling my art! I love everything cute, cosy and ~*whimsical*~ you can see some of my work already on Instagram and my website to get a feel for what I do!

I’d love to follow more artists here so feel free to give this post a like or follow so I can find my fellow artists! <3